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, taking aim at higher wages. phil lebeau is there. >> brian, we're here in the south side of chicago. are they protesting for wagers with workers who actually work at walmart? we'll talk about that after this break. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ [ male announcer ] this december, experience the gift of unsurpassed craftsmanship at the lexus december to remember sales event. some of the best offers of the year. this is the pursuit of perfection. you can fill that box and pay one flat rate. how naughty was he? oh boy... [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. (announcer) at scottrade, our clto make their money do (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use
, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
beating the streets by a penny. company's delivery numbers were lower than expect. phil lebeau joins us. >> reporter: this is a third quarter where they reported better as their own guidance but not as good as any were expecting. you mentioned delivery. for the third quarter they delivered 5,500 model s, some were talking about 5,700 or 5,800. there was some of the disappointment. the gross margin, however, at 21% is a little higher than most on wall street were expecting and now they're planning to deliver 21,500 this year. and deliveries are being increased to europe and to a certain extent pulling back a bit in terms of delivering here in the u.s. what about china, who many view as a great growth market? that will start in the first quarter of next year and already elon musk is saying they're seeing great interest -- they're more on the supply side than on the demand side. >> we're supply constrained not demand constrained. we're working hard to address the construction constraint. the thing that people quite don't get is we're different in that fundamental way from other car compani
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
on the verge of an unprecedented deal that will get the company through the bulk of its orders. phil lebeau has the details out of chicago. good morning, phil. >> reporter: good morning. this is important for boeing and machinists. they're saying are we're sure we're going to have labor peace through the rest of the decade? that's what it looks like as they're close to signing a deal. for boeing as they close in on this deal, the labor contract, if they agree to a new one, would ensure the 777x, that it would largely be assembled in the puget sound area. what does boeing get out of this deal? a new contract that would run through at least 2020 and perhaps several years after that, ensuring labor peace for boeing for several years, which is going to be critical as they go through the rest of this decade. you've got to go back to 2008, the last time that boeing had to deal with a strike by the machinist union. when you look at boeing's back log, the important thing is boeing wants the certainty about the fixed labor costs for more than 4,700 planes. this is a all-time record. the value, $345 bill
happy. >>> some walmart workers and their supporters protesting low wages today. phil lebeau joins us with more. >> reporter: behind me about 75 people protesting low wages at walmart. we asked these people how many of you actually work for walmart? we found 3 people of the 75 who actually work for walmart. brings up the question why are these people protesting at this walmart and supposedly 15 wall marts around the country. they believe they should be bringing the minimum wage up to $12.50 an hour. in their words, that's the right way to help the workers earn more. >> it's about the choice that the company makes. at the end of the day, it is not fair that we as american taxpayers have to add to the bottom line of the most profitable company in america. we're talking about the world's largest employer. they can, indeed, afford to pay higher wages. >>> and again, the minimum wage for walmart workers is $8.80. it's a number of groups coming together, calling themselves jobs for justice. walmart has 1.4 million employees in the u.s. and the ceo says they do pay higher than most other ret
Search Results 0 to 6 of about 7